OMG is Rushing towards $0.500
OMG Network (OMG) experienced a 5.3% decline to $0.650 this week, marking the fourth consecutive day of retreat in prices. This trend raises the likelihood of the token testing the support level at $0.500. The first instance of this test occurred two weeks ago amid geopolitical tensions in the Middle East. Despite a slight recovery after this initial drop, the token has struggled to regain momentum, particularly as Bitcoin (BTC) declined by 0.7% over the same period. If the leading cryptocurrency fails to recover, OMG may face further downward pressure, potentially breaching the $0.500 support level.
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